ICICI BankHAM:ICBA 79 PB Ratio is 2.61 as of Jun. 27, 2026, which is 10% below its 10-year median of 2.89. GuruFocus rates HAM:ICBA with a GF Score™ of 79/100 and a GF Value™ of €25.01 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,516 Banks companies, ICICI Bank ranks worse than 94.92% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-27), ICICI Bank's share price is €24.70. ICICI Bank's Book Value per Share for the quarter that ended in Mar. 2026 was €9.45. Hence, ICICI Bank's PB Ratio of today is 2.61.
The historical rank and industry rank for ICICI Bank's PB Ratio or its related term are showing as below:
HAM:ICBA'
s PB Ratio Range Over the Past 10 Years
Min: 1.51 Med: 2.89 Max: 3.45
Current: 2.74
During the past 13 years, ICICI Bank's highest PB Ratio was 3.45. The lowest was 1.51. And the median was 2.89.
HAM:ICBA's PB Ratio is ranked worse than 94.92% of 1516
companies
in the Banks industry
Industry Median: 1.09
vs HAM:ICBA: 2.74
During the past 12 months, ICICI Bank's average Book Value Per Share Growth Rate was 15.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of ICICI Bank was 73.00% per year. The lowest was 5.20% per year. And the median was 13.90% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
ICICI Bank PB Ratio Related Terms
ICICI Bank PB Ratio Historical Data
* Premium members only.
The historical data trend for ICICI Bank's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, ICICI Bank's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ICICI Bank PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, ICICI Bank's PB Ratio distribution charts can be found below:
* The bar in red indicates where ICICI Bank's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
ICICI Bank's PB Ratio for today is calculated as follows:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
ICICI Bank (HAM:ICBA) has a PB Ratio of 2.61 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ICICI Bank and its competitors. This is 10% below median its historical median of 2.89. Over the past decade, ICICI Bank's PB Ratio has ranged from 1.51 to 3.45. According to the industry distribution chart, ICICI Bank ranks #1439 out of 1516 companies in the Banks industry, placing it in the top 94.9%.
Is ICICI Bank's PB Ratio too high?
ICICI Bank's current PB Ratio of 2.61 is 10% below median its 10-year median of 2.89. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 3.45. The Banks industry median PB Ratio is 1.09. ICICI Bank's value of 2.61 is 139.4% above this industry median. Based on the distribution chart, ICICI Bank ranks #1439 out of 1516 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, ICICI Bank has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ICICI Bank's PB Ratio compare to PNC?
According to the Banks industry distribution chart, ICICI Bank ranks #1439 out of 1516 companies for PB Ratio. This places ICICI Bank in the lower half of its industry. The industry median PB Ratio is 1.09. ICICI Bank's value of 2.61 is 139.4% above this benchmark. Historically, ICICI Bank's own PB Ratio has ranged from 1.51 to 3.45 over the past decade. While the company's 10-year median is 2.89 vs. the industry median of 1.09, ICICI Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.09, based on 1,516 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICICI Bank's current PB Ratio of 2.61 is 139.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ICICI Bank and its competitors. For the Banks industry, the median PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICICI Bank's current PB Ratio is 2.61, which is 10% below median its own 10-year median of 2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICICI Bank stock overvalued right now?
Based on GuruFocus' analysis, ICICI Bank (HAM:ICBA) is currently considered Fairly Valued. The stock's GF Value™ is €25.01, compared to a current price of €24.70 — trading 1.2% below its estimated fair value. The current PB Ratio is 2.61, which is 10% below median its 10-year median of 2.89 and 139.4% above the Banks industry median of 1.09. ICICI Bank's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For ICICI Bank (HAM:ICBA), the current PB Ratio is 2.61 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ICICI Bank (HAM:ICBA) Overvalued in 2026?
Based on GuruFocus' analysis, ICICI Bank stock appears to be undervalued.
The current stock price of €24.70 is trading 1.2% below its estimated GF Value™ of €25.01.
GuruFocus considers ICICI Bank to be Fairly Valued.
Key valuation signals for HAM:ICBA:
PB Ratio: 2.61 (10% below median its 10-year median of 2.89)
GF Value™: €25.01 vs. price of €24.70 (1.2% below fair value)
Industry Position: 139.4% above the Banks median (#1439 of 1516)
No single metric tells the full story. See the HAM:ICBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, Other Banking Business, and Others. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Geographical segments include Domestic operations and Foreign operations. The company generates the majority of its revenue from the domestic operations.
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